RBI’s new bulk FD rules kick in from October 1: What changes for depositors
- RBI’s new bulk fixed deposit rules will take effect across specified banks from October 1.
- Banks must publish bulk FD interest rates daily by 10 am, with a 10-minute grace window.
- For scheduled commercial banks, a single fixed deposit of ₹3 crore or more is generally treated as a bulk FD.
- Similar bulk FDs booked on the same day must get the same rate across a bank’s branches and customers.
Source: hindustantimes.com
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